Ryanair slams ‘government mismanagement’ as it cuts capacity again September 18, 2020 Ryanair today launched a fresh attack on the government for its “continuous changes” in travel restrictions as it announced it would cut its October capacity by a further 20 per cent. It follows a 20 per cent capacity cut announced last month, meaning the budget airline now expects its October capacity to fall from 50 [...]
Travel stocks hit turbulence amid UK lockdown fears September 18, 2020 Travel stocks took a fresh beating in early trading this morning amid rising fears that the UK could be set for a new nationwide lockdown. British Airways owner IAG led the FTSE 100 fallers this morning, tumbling more than eight per cent. Budget airline Easyjet was also down almost seven per cent, while rivals Ryanair [...]
Coronavirus: London braced for tighter restrictions as cases surge September 18, 2020 London could be on track for tighter restrictions on socialising and nights out amid reports official figures will show a surge in Covid-19 cases in the capital. The number of cases per 100,000 people over a seven-day period has risen from 18.8 to roughly 25, the Evening Standard reported. The sharp spike in new cases [...]
Investec to cut 210 London jobs as first-half profit plunges September 18, 2020 Investec today confirmed plans to cut 210 jobs in its London office as it warned profit could fall by up to 60 per cent in the first half of the year. The wealth manager and banking group said the job cuts — which equate to roughly 13 per cent of its UK headcount — were [...]
John Laing sells stake in East Coast Main Line project for £421m September 18, 2020 John Laing Group today said it has agreed to sell its 30 per cent stake in the rolling stock project for the East Coast Main Line to AIP Management for £421m. The infrastructure giant said the sale in the project — known as Intercity Express Programme Phase Two (IEP East) — marked a strong premium [...]
Telegraph boosts profit as subscriber numbers hit fresh high September 17, 2020 The Telegraph has reported a sharp rise in profit for the year after its ongoing shift to a subscription model helped drive subscriber numbers to a record high. Telegraph Media Group (TMG), which publishes the Daily Telegraph, Sunday Telegraph and Telegraph website, pulled in operating profit before exceptional items of £14.3m last year. This was [...]
British Chambers of Commerce boss to step down after five years September 17, 2020 The director general of the British Chambers of Commerce (BCC) Dr Adam Marshall is stepping down from the business group after five years at the helm. Marshall, who has held senior positions at the BCC for the last 12 years, will leave his role at the end of March 2021. Over the course of his [...]
National Theatre to stage panto as it plots October reopening September 17, 2020 The National Theatre today said it will reopen its doors for live performances next month with a season of new shows that includes a Christmas pantomime. The iconic venue said it will remodel its Olivier theatre to stage a series of performances in-the-round, enabling audiences of almost 500 to attend while observing social distancing. The [...]
Barack Obama’s memoirs to be published after US election in November September 17, 2020 The eagerly-awaited memoirs of former president Barack Obama will be published in the wake of the US election in November. A Promised Land — the first of two volumes — will be released globally on 17 November, the book’s publisher confirmed today. “There’s no feeling like finishing a book, and I’m proud of this one,” [...]
IG Group shares rise as market volatility drives up revenue September 17, 2020 Shares in IG Group rose almost seven per cent this morning after the trading platform reported a surge in first-quarter revenue due to high levels of activity during the coronavirus crisis. IG reported revenue of £209m in the three months to the end of August, up 62 per cent on the same period last year. [...]
